MILAN – Brazil was chosen Friday (Mar. 29) in Nairobi, Kenya, to preside over the negotiations on the new International Coffee Agreement. The election was held as part of the International Coffee Council. The deal currently in effect, dated from 2007, expires in 2021.
The International Coffee Agreement lays forth the goals of the International Coffee Organization (ICO), whose executive director is Brazilian José Dauster Sette.
The organization is comprised of 44 exporting countries and six major importers—the European Union (all 28 countries), Japan, Norway, Russia, Switzerland, and Tunisia—with the goal of tackling the challenges in the sector, where over $200 billion circulates every year.
Member countries account for 98 percent of the global production and 67 percent of the world’s consumption of coffee.
